Thousand Oaks and Westlake Village are the two premium anchors of the Conejo Valley. Thousand Oaks runs $1.10M median (+4.5% YoY); Westlake $1.27M (-19.7% YoY on the headline, but mostly mix shift). Both are CVUSD.
Price and Velocity
May 2026: Thousand Oaks median $1.10M, +4.5% YoY. Westlake Village median $1.27M, -19.7% YoY.
Days on market: TO 25-40 days for prepared listings, Westlake 35-55.
Lifestyle Character
Thousand Oaks is larger, more populated (125K vs 8K), with the Civic Arts Plaza and a polished urban-suburb feel.
Westlake Village is smaller, more exclusive-feeling, lake/golf-oriented.
Neighborhoods
Thousand Oaks: Lynn Ranch, Sunset Hills (golf-course premium), Conejo Oaks/Hills, Wildwood/Westwood.
Westlake Village: The Estates / North Ranch (gated premium $2M+), Westlake Island and waterfront, Three Springs / Country Club, First Neighborhood / Foxmoor (entry $1M-$1.5M).
Schools
Both are CVUSD. Thousand Oaks splits across Westlake High, Thousand Oaks High, and Newbury Park High. Most of Westlake Village feeds Westlake High School.
Westlake High consistently edges TO High on aggregate Dashboard scores.
Where Each Wins
Thousand Oaks wins on selection, urban-suburb walkability, and broader buyer pool / resale liquidity.
Westlake Village wins on gated-community premium, lake/golf lifestyle, and currently has the most negotiating leverage in its $2.5M+ luxury band.
Frequently Asked Questions
Is Westlake Village more expensive than Thousand Oaks?
Yes, by median: $1.27M vs $1.10M as of May 2026.
Why did Westlake Village prices drop 19.7%?
Mostly a mix shift combined with a real 6-12% correction at the $3M+ luxury segment.
Are Thousand Oaks and Westlake Village in the same school district?
Yes - both in Conejo Valley Unified School District (CVUSD).
Which has more gated communities, Thousand Oaks or Westlake Village?
Westlake Village has more concentrated gated-community product (The Estates, North Ranch).
Should I wait for Westlake Village prices to drop further?
Probably not, except at the $3M+ band where some price discovery continues.
